18 unchanged sentences
Exchange Act is recorded, processed, summarized, and reported within the time periods specified under the Exchange Act rules.
−Removed: The attestation report of Mayer Hoffman
−Removed: McCann P.C., our independent registered public accounting firm, regarding Lifeway’s internal control over financial reporting
−Removed: is provided under “Financial Statements and Supplementary Data.”
Management’s Annual Report on
10 unchanged sentences
provide reasonable assurance that our transactions are recorded as necessary to permit preparation of our consolidated financial statements in accordance with accounting principles generally accepted in the United States of America, and that our receipts and expenditures of the company are being made only in accordance with authorizations of our management and our directors;
−Removed: provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of our assets that could have a material effect on our consolidated financial statements.
+Added: provide reasonable assurance regarding prevention or timely
+Added: detection of unauthorized acquisition, use, or disposition of our assets that could have a material effect on our
+Added: consolidated financial statements.
Internal control over financial reporting
9 unchanged sentences
has concluded that our internal control over financial reporting was effective as of December 31, 2020.
−Removed: Remediation of the Material Weakness
−Removed: During 2019, management evaluated our policies
−Removed: and procedures related to the review of the analysis in goodwill impairment reports prepared by third-party valuation experts and
−Removed: designed and implemented adequate internal controls and procedures to ensure that (i) goodwill impairment is properly reviewed,
−Removed: accounted for and disclosed, and (ii) management can more effectively evaluate analysis conducted by third-party valuation service
−Removed: providers that perform the step one goodwill impairment analysis.
−Removed: Changes in Internal Control over Financial Reporting
−Removed: Except as discussed above there were no
−Removed: changes in our internal control over financial reporting that occurred during 2019 that have materially affected, or are reasonably
−Removed: likely to materially affect, our internal control over financial reporting.
+Added: Changes in Internal Control over Financial
+Added: There were no changes in our internal control
+Added: over financial reporting that occurred during 2020 that have materially affected, or are reasonably likely to materially affect,
+Added: our internal control over financial reporting.
OTHER INFORMATION
48 unchanged sentences
Second Modification to Amended and Restated Loan and Security Agreement, effective as of December 10, 2019 by and among Lifeway Foods, Inc., Fresh Made, Inc., The Lifeway Kefir Shop, LLC, Lifeway Wisconsin, Inc., and CIBC Bank USA, as Lender.
+Added: Third Modification to Amended and Restated Loan and Security Agreement
+Added: dated as of September 30, 2020 among Lifeway Foods, Inc., Fresh Made, Inc., The Lifeway Kefir Shop, LLC, Lifeway Wisconsin, Inc.,
+Added: and CIBC Bank USA, as Lender.
+Added: Amended and Restated Consulting Agreement dated December 28, 2020 by
+Added: and between the Company and Ludmila Smolyansky
Code of Conduct and Ethics
5 unchanged sentences
Section 1350 Certification of Eric Hanson
−Removed: Press release dated April 14, 2020 reporting the Company’s financial results for year ended December 31, 2019.
+Added: Press release dated March 25, 2021 reporting the Company’s financial results for year ended December 31, 2020.
Interactive Data Files
4 unchanged sentences
LIFEWAY FOODS, INC.
−Removed: April 14, 2020
+Added: March 25, 2021
/s/ Julie Smolyansky
1 unchanged sentence
Chief Executive Officer, President, and Director
−Removed: April 14, 2020
+Added: March 25, 2021
/s/ Eric Hanson
3 unchanged sentences
and on the dates indicated.
−Removed: April 14, 2020
+Added: March 25, 2021
/s/ Julie Smolyansky
2 unchanged sentences
(Principal Executive Officer)
−Removed: April 14, 2020
+Added: March 25, 2021
/s/ Edward Smolyansky
1 unchanged sentence
Chief Operating Officer and Director
−Removed: April 14, 2020
+Added: March 25, 2021
/s/ Eric Hanson
1 unchanged sentence
(Principal Financial & Accounting Officer)
−Removed: April 14, 2020
+Added: March 25, 2021
/s/ Ludmila Smolyansky
1 unchanged sentence
Chairperson of the Board of Directors
−Removed: April 14, 2020
+Added: March 25, 2021
/s/ Jason Scher
Lead Independent Director
−Removed: April 14, 2020
+Added: March 25, 2021
/s/ Pol Sikar
−Removed: April 14, 2020
−Removed: /s/ Renzo Bernardi
−Removed: Renzo Bernardi
−Removed: April 14, 2020
+Added: March 25, 2021
/s/ Jody Levy
+Added: March 25, 2021
+Added: /s/ Dorri McWhorter
+Added: Dorri McWhorter
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.